$QQQ Topping tail right where we broke down in early 2022. Could be time for a short term rest or pullback. pic.twitter.com/oCU3j4Oucu — Michael Nauss, CMT, CAIA 🇨🇦 (@MichaelNaussCMT) July 21, 2023 Today’s Chart of the Day was shared by Michael Nauss (@MichaelNaussCMT). The Nasdaq 100 was the only major index that closed lower this […]
Chart of the Day – Wednesday, July 19, 2023
Today’s Chart of the Day was shared by Joe Fahmy (@jfahmy). Joe points out that the current rally in the Nasdaq Composite (right) resembles the rally in 2003 when the index was recovering from the dot-com bubble. Both 2003 and 2023 were preceded by bear markets that bottomed in October. As we know, October has […]
Chart of the Day – Monday, July 17, 2023
pic.twitter.com/VcGpXJYGB9 — Peter Brandt (@PeterLBrandt) July 17, 2023 Today’s Chart of the Day was shared by Peter Brandt (@PeterLBrandt). Peter points out that the Regional Bank ETF ($KRE) is carving out a potential bottom after forming an inverted head & shoulders pattern over the past four months. Price is testing the neckline around $45 as […]
Chart of the Day – Friday, July 14, 2023
Leaders keep leading – but now they have some followers. YTD return for the median stock in the S&P 500 is up to 7.3% – it's highest level since the first week of February. Since the end of May, median stock (+9.4%) has outperformed the index (+7.9%). pic.twitter.com/tTrWXH9Xpv — Willie Delwiche, CMT, CFA (@WillieDelwiche) July […]
Chart of the Day – Thursday, July 13, 2023
#bitcoin breaks out of the range $BTC $BTCUSD pic.twitter.com/09HFDqHNBu — Conor White, CMT, CIM (@ConorWhiteRJ) July 13, 2023 Today’s Chart of the Day was shared by Conor White (@ConorWhiteRJ). Bitcoin broke out to fresh 52-week highs today, after consolidating in a sideways range around $30k over the past three weeks. This consolidation resembles a bull […]
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